Petroleum Company Auctions “Exhibit” Land Lot from Major Case of Dinh La Thang: Starting Price Over 210 Billion VND

PVX’s Board of Directors has approved the transfer of land use rights for lot number 6 in Phu Tho Province, covering 3,400 m2, with a starting price of 210.6 billion VND. This asset was identified as an exhibit in the case involving Dinh La Thang and was subsequently returned to the company by the court as the capital forming the asset belonged to them. The asset is currently mortgaged at BIDV Bank, and the CEO of PVX is tasked with organizing the auction and negotiating with the bank for the release of the mortgage. This action aims to enhance cash flow amid financial difficulties. In 2025, PVX’s revenue grew by 82%, but net profit dropped by 45% to 1.43 billion VND, with total liabilities reaching 5.615 trillion VND.